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Aminex and Solo suffer Tanzanian setback – MoneyWeek – bt365真人_bet36足球网站_bet体育吧

HopeswereraisedattheendofFebruarywhenAminex,theoperatorand75%owneroftheRuvumaproductionshareagreement,Aminexreportedthatagasdiscoveryhadbeenmadeina25metregrosssandintervalinthewell。

Thewellwassubsequentlydeepenedtoatotaldepth(TD)of3,150metres。

Furthertestingfoundencouraginggasreadingsovera300metreintervalfrom2,850metrestoTD,butadeepertargethorizonidentifiedonseismicatadepthofaround3,000metreswasfoundnottohavereservoirpotential。

Thewellwillnowbepluggedbacktothebaseofthe7-inchlinerat2,750metresandcompletedfortestingofthegaspayinterval。

Atestprogrammewillbecarriedoutaftertherighasbeenmovedofflocation。

SoloOilhasa25%stakeintheRuvumaproductionshareagreement(PSA)。

BothAminexandSoloarelookingfornewpartnerstobuyintothePSA,includingthe676squarekilometreoffshoreportionadjacenttoBlock1,ownedbyBGGrpandOphirEnergy。

SharesinSolotumbled0。

08pto0。

55ponthenews,whileAminexfellaslowas4。

375p,downfrom6。

30povernight,beforerecoveringslightly。

JH


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